TSB - One of 359 Safest Banks in America
Shown in Effingham Teutopolis News Report by Herb Meeker:
Started in 1913, the Teutopolis State Bank has not run into misfortune from its founding date. At the end of March, TSB had a total capital of $23.6 million and assets of $193 million - not bad for a bank based in a town with 1,600 residents. "We have a lot of people in our area able to save their money," said Runde. "We are also very advanced in technology with mobile banking. We're not just about brick and mortar."
Many small-town banks in Illinois made the list released by InvestingAnswers, including Arcola First Bank, The Bank of Lawrence County, Nashville Savings Bank, Peoples Bank of Macon and Midland Community Bank of Kincaid.
"[Making this list] is a good selling point we can make to our customers. It shows we are safe. And we do make sure about keeping the floors dry for our customers...that's a must," Runde said.